GFS Advisors LLC Purchases New Position in Yamana Gold Inc. (NYSE:AUY)

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GFS Advisors LLC purchased a new stake in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,093 shares of the basic materials company’s stock, valued at approximately $25,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AUY. Mercer Global Advisors Inc. ADV acquired a new position in Yamana Gold in the 1st quarter valued at about $28,000. Cetera Advisor Networks LLC acquired a new position in Yamana Gold in the 1st quarter valued at about $35,000. Clean Yield Group acquired a new position in Yamana Gold in the 1st quarter valued at about $37,000. AE Wealth Management LLC acquired a new position in Yamana Gold in the 2nd quarter valued at about $55,000. Finally, King Luther Capital Management Corp acquired a new position in Yamana Gold in the 1st quarter valued at about $104,000. Institutional investors and hedge funds own 42.40% of the company’s stock.

Shares of NYSE:AUY opened at $3.35 on Tuesday. The stock’s 50 day simple moving average is $2.84. Yamana Gold Inc. has a 12-month low of $1.78 and a 12-month high of $3.74. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 27.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.46 and a current ratio of 1.66.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Yamana Gold had a negative net margin of 7.49% and a positive return on equity of 2.32%. The company had revenue of $463.50 million during the quarter, compared to the consensus estimate of $448.19 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts forecast that Yamana Gold Inc. will post 0.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s dividend payout ratio is 16.67%.

A number of research analysts have issued reports on the stock. ValuEngine lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Desjardins restated a “hold” rating on shares of Yamana Gold in a research report on Monday, April 22nd. Raymond James increased their target price on shares of Yamana Gold from $3.25 to $3.50 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $3.00 target price on the stock in a research report on Monday, July 8th. Finally, TD Securities decreased their target price on shares of Yamana Gold from $4.25 to $3.50 and set a “buy” rating on the stock in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.28.

Yamana Gold Profile

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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